(DRX.L) Drax Group PLC Buy/Sell

RNS Number : 8024C Drax Group PLC 19 November 2009

19 November 2009

Drax Group plc

(Symbol: DRX)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or Drax Group plc

the underlying issuer of existing shares to which voting rights are attached: 2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights *

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights (Total voting rights changed due to placing of new shares)

Other (please specify):
3. Full name of person(s) subject to the Barclays Global Investors

notification obligation:
4. Full name of shareholder(s) (if different from Barclays Global Fund Advisors
3.): Barclays Global Investors Ltd
Barclays Global Investors, N.A.

5. Date of the transaction and date on which the
threshold is crossed or 18 November 2009

reached:
6. Date on which issuer notified: 19 November 2009

7. Threshold(s) that is/are crossed or reached: From 4% to 3%

8. Notified details: A: Voting rights attached to shares
Class/type of Situation previous to the triggering transaction Resulting situation after the triggering transaction

shares (if possible using the ISIN CODE)
Number Number of Number Number of voting rights % of voting rights
of Shares Voting Rights of shares
Direct Indirect Direct Indirect
Ordinary Shares of 11 16 / 29 13,129,912 13,129,912 12,728,740 0 12,728,740 0.00 3.49

pence each

B: Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of financial Expiration Exercise / Number of voting rights that may be acquired if the instrument is exercised/ % of voting rights
instrument date Conversion Period converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of financial Exercise price Expiration date Exercise / Number of voting rights instrument refers to % of voting rights
instrument Conversion period

CFD 1,503,074 0.41

Total (A+B+C)
Number of voting rights Percentage of voting rights
14,231,814 3.90

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Barclays Global Fund Advisors Barclays Global Investors Ltd Barclays Global Investors, N.A. Proxy Voting:
10. Name of the proxy holder: N/A
11. Number of voting rights proxy holder will cease to hold: N/A
12. Date on which proxy holder will cease to hold voting rights: N/A

13. Additional information: Notification using
the total voting
rights figure of
364,853,890
14. Contact name: Phil White, Assistant
Company Secretary
15. Contact telephone number: 01757 618381

This information is provided by RNS The company news service from the London Stock Exchange

HOLEKLFFKFBZFBV

RNS Number : 7060C Drax Group PLC 18 November 2009

18 November 2009

Drax Group plc

(Symbol: DRX)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer Drax Group plc

of existing shares to which voting rights areattached: 2. Reason for the notification (please tick the appropriate box or boxes):
X

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights (Total voting rights changed due to placing of new shares.)

Other (please specify):
3. Full name of person(s) Barclays Global Investors

subject to thenotification obligation: 4. Full name of shareholder(s) Barclays Global Fund Advisors
Barclays Global Investors Ltd
(if different from 3.): Barclays Global Investors, N.A.
17 November 2009

5. Date of the transaction and date on which the threshold is crossed orreached:
6. Date on which issuer 18 November 2009

notified:
From 3% to 4%

7. Threshold(s) that is/are crossed or reached: 8. Notified details: A: Voting rights attached to shares
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction

if possible using the ISIN CODE
Number Number Number of voting % of voting rights
of of Number rights
Shares Voting of shares
Rights
Direct Indirect Direct Indirect
Ordinary Shares of 12,754,956 12,754,956 13,129,912 0 13,129,912 0.00 3.60

11 16 / 29 pence each

B: Qualifying Financial Instruments Resulting situation after the triggering transaction
Number of voting
Type of financial Expiration Exercise/ rights that may be % of voting
instrument date Conversion Period acquired if the rights
instrument is
exercised/ converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of financial Exercise price Expiration date Exercise/ Number of voting rights instrument refers to % of voting rights
instrument Conversion period

1,476,116 0.40

Total (A+B+C)
Number of voting rights Percentage of voting rights
4.00
14,606,028

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

Barclays Global Fund Advisors
Barclays Global Investors Ltd
Barclays Global Investors, N.A.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:
13. Additional information: Notification using the total voting rights figure of 364,853,890

14. Contact name: Phil White
Assistant Company Secretary

15. Contact telephone number:

This information is provided by RNS The company news service from the London Stock Exchange

HOLXVLFFKFBEFBX

LONDON, Nov 5 (Reuters) - Drax Group Plc:

LONDON, Nov 5 (Reuters) - Centrica Plc:

RNS Number : 9923B Drax Group PLC 05 November 2009

5 November 2009

Drax Group plc

("Drax" or the "Company")

Symbol:DRX

DRAX SECURES 5 YEAR POWER SALE TO 2015 WITH CENTRICA

Drax has entered into a further agreement with Centrica to provide 300MW of baseload power for a 5 year period commencing October 2010. This equates to around 13.1TWh of power.

The agreement provides Drax with fixed dark green spreads consistent with Drax's trading strategy. Drax will supply power at agreed prices which include Centrica paying Drax for coal, based on international coal prices, and delivering matching CO2 allowances. The volume of this baseload contract is equivalent to a load factor of approximately 8% for the period October 2010 to September 2015.

Dorothy Thompson, Chief Executive of Drax said: "I am very pleased to announce this new agreement with Centrica, which underlines our strong working relationship. As with the first Centrica agreement in 2006, this not only gives Drax options over how and when to dispatch power but is also consistent with our progressive hedging policy. Moreover, locking in dark green spreads out to 2015 clearly demonstrates that there is appetite for deals beyond 2012".

Enquiries:

For further information please contact:

Andrew Koss, Investor Relations +44 (0) 1757 612333
Mike Harrison / Nick Claydon, Brunswick +44 (0) 20 7404 5959

Website: www.draxgroup.plc.uk

Notes to Editors

This agreement is in addition to the Centrica agreement announced on 11 April 2006. Under the terms of the original agreement, Drax agreed to provide 600MW of baseload power for a 5 ¼ year period commencing October 2007.

That agreement also provides Drax with fixed dark green spreads consistent with Drax's trading strategy. Drax will supply power at agreed prices which include Centrica paying Drax for coal, based on international coal prices, and delivering matching CO2 allowances. The volume of this baseload contract is equivalent to a load factor of approximately 16% for the period October 2007 to December 2012.

END

<HR>---------------------------------------

This information is provided by RNS The company news service from the London Stock Exchange

AGRUUGGPGUPBGRC

By Jonathan Gleave and Victoria Bryan

MADRID/LONDON, Oct 21 (Reuters) - Spanish utility Iberdrola and British peer Drax both struggled to maintain profitability due to weak power prices in Spain and challenging commodity markets.
Core profit at Spain's largest power group in the first nine months of the year just missed estimates as higher operating costs and lower revenue from its deregulated power operations practically wiped out the impact of double-digit revenue growth.
Drax, which runs Britain's largest coal-fired power plant, said in a statement its forward contract position meant it was continuing to trade in line with expectations for this year.
"It will be difficult for Drax to meet expectations as investors are expecting higher margins than the market is allowing right now," said a London-based analyst who declined to be identified.
The analyst added Iberdrola has to sooth investor concerns over whether it can meet its own expectations for 2010.
Iberdrola underperformed its European peers, while Drax outperformed. Iberdrola was down 0.4 percent at 0928 GMT while Drax was up 1.5 percent.
The utilities are the first large utilities to report earnings for the nine months through September. Finland's Fortum reports on Thursday.

(With additional reporting by Peter Dinkloh in Frankfurt; Editing by Mike Nesbit) Keywords: IBERDROLA/DRAX (peter.dinkloh@reuters.com; +4969 7565 1345; Reuters Messaging peter.dinkloh.reuters.com@reuters.net)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

RNS Number : 1212B
  Drax Group PLC
  21 October 2009
   

21 October 2009

Drax Group plc

("Drax" or the "Company")

Symbol:DRX

Interim Management Statement

Drax today publishes its interim management statement for the period from 1 July 2009 to date.

Since publishing our Half Year Results on 4 August, trading conditions in the commodity markets in which we operate remain challenging. However, given our strong forward contracted position, we continue to trade in line with expectations for the current year. 

Other than the refinancing of the group's debt facilities, details of which were included in the Half Year Results published on 4 August, there have been no material events or transactions, nor any material change in the underlying financial position of the group during the period.

We will issue a pre close statement on 16 December 2009 in which we will update the market on the Group's positions under contract for 2009, 2010 and 2011.

Enquiries:

For further information please contact:

Andrew Koss, Investor Relations                 +44 (0) 1757 612333

Melanie Wedgbury, Media Contact              +44 (0) 1757 612438

Mike Harrison / Nick Claydon, Brunswick    +44 (0) 20 7404 5959        

Website:    www.draxgroup.plc.uk

END

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
IMSCKKKPABDDPKB

Oct 13 (Reuters) -:

BRUSSELS, Oct 2 (Reuters) - Pioneering technology to trap and bury carbon dioxide emissions from coal could receive hundreds of millions of euros of European Union funding in seven countries including Britain and Germany, EU officials say. Funding applications from the Hatfield power station in northern England and Vattenfall's Jaenschwalde plant in Germany have received approval from the European Union's executive, the European Commission, said two officials close to the selection process.
Both companies said they had received no confirmation.
The plants will use Carbon Capture and Storage (CCS) technology, a process of burying climate-warming gases that some see as a potential silver bullet to halt climate change.
The technique, which can add about $1 billion to the cost of each power plant, would help the EU by allowing it to keep burning highly polluting coal without doing further harm.
The funding, which could total 180 million euros ($262 million) for each project, was proposed as part of a 4 billion euro package agreed in May to protect the European grid from future energy crises.
A list of 13 CCS projects drawn up at the time has been whittled down to seven by the European Commission, and that list has been presented to a number of EU diplomats.
Britain's Hatfield site, operated by Powerfuel, is seen as well positioned for CCS, as the pipelines used to carry CO2 could one day be extended to nearby operators such as the giant Drax Power plant.
France could receive up to 50 million euros for its Florange pipeline project to transport carbon dioxide from a steel plant into underground storage.
One EU official said funding was also going to Spain's Endesa for its Compostilla plant and the Maasvlakte plant owned by Germany's E.ON and Belgium's Electrabel near the Dutch port of Rotterdam.
(Reporting by Pete Harrison; editing by James Jukwey) ($1=.6879 euro) Keywords: EU ENERGY/CCS

(pete.harrison@thomsonreuters.com; reuters messaging: pete.harrison.reuters.com@reuters.net; +322 287 6843)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

RNS Number : 0017A
  Drax Group PLC
  30 September 2009
   

Drax Group plc

(Symbol: DRX)

BLOCK LISTING SIX MONTHLY RETURN

Date: 30 September 2009

 Name of applicant:                                    Drax Group plc
 Name of scheme:                                       Drax Group plc Approved Savings Related Share Option
                                                       Plan
 Period of return:               From:                 12 May 2009          To:           30 September 2009
 Balance of unallotted securities under scheme(s)      248,032
 from previous return:
 Plus:  The amount by which the block scheme(s) has    0
 been increased since the date of the last return (if
 any increase has been applied for):
 Less:  Number of securities issued/allotted under     0
 scheme(s) during period (see LR3.5.7G):
 Equals:  Balance under scheme(s) not yet              248,032
 issued/allotted at end of period:

 Name of contact:              Phil White, Assistant Secretary
 Telephone number of contact:  01757 612167

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
BLRURSVRKKRKOAR

By Paul Sandle

LONDON, Sept 16 (Reuters) - Britain's biggest coal producer, UK Coal, raised 100 million pounds ($165 million) via an underwritten share sale to cut debt, allowing it to amend its banking terms amd lifting its shares on Wednesday.
UK Coal said it would issue 142 million shares, 39 percent of which have already been placed, at 75 pence in a placing and open offer underwritten by Evolution and Numis, for a 37.6 percent discount to Tuesday's close.
Chief executive Jon Lloyd said the fundraising would strengthen the company's balance sheet as it completed investment in its most profitable mines.
"This puts us in a very strong position, and is the final piece of a considered jigsaw," he said in an interview. "We look forward to completing our investment programme and producing the coal that Britain needs."
Shares in UK Coal, which supplies electricity customers Scottish and Southern Energy, Drax, EDF , and EON, were 6.3 percent higher at 110.75 pence by 1125 GMT, outperforming a 3 percent stronger index of London-listed miners.
Debt in the second-half would peak at about 150 million pounds, including 100 million of customer prepayments, after the fundraising, he said. Analysts had forecast debt of about 250 million pounds.
Analysts at brokers Arbuthnot, who have a 'buy' rating on the stock, welcomed the placing, saying the company had walked a fine line on its debt facilities. "With the property sector past its worse and the coal business benefiting from new mining areas and higher priced contracts into 2010-11, we think this is a key turning point for UK Coal," they said.
UK Coal, which supplies about 15 percent of the coal burned in British power stations, has suffered production problems at its deep mines in Kellingley in Yorkshire, and Thoresby and Welbeck in Nottinghamshire. It has been also been hampered by legacy contracts which expire in the second-half of the year, while the value of its property portfolio has fallen.
Last month, it posted a pretax loss of 81.5 million pounds for the first-half of the year, compared with a year earlier loss of 9.9 million.

(Editing by Victoria Bryan and Dan Lalor)

($1 = 0.6079 pound) Keywords: UKCOAL/ (paul.sandle.reuters.com@reuters.net paul.sandle@reuters.com; +44 20 7542-6843)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

LONDON, Sept 16 (Reuters) - Britain's biggest coal producer UK Coal said on Wednesday it would raise about 100 million pounds ($165 million), before expenses, from investors in order to reduce debt.
The company said it would issue 142 million shares in a firm placing and open offer priced at 75 pence a share, a 37.6 percent discount to the 120.25 pence closing price of the company's shares on Sept. 15.
The company, which supplies electricity customers Scottish and Southern Energy, Drax, EDF, and EON , has suffered production problems at some of its mines and the value of its property portfolio has fallen.
Last month, it posted a pretax loss of 81.5 million pounds for the first-half of the year, compared with a year earlier loss of 9.9 million pounds.

(Reporting by Paul Sandle; Editing by Victoria Bryan)
($1=.6079 Pound) Keywords: UK COAL/

(paul.sandle.reuters.com@reuters.net paul.sandle@reuters.com; +44 20 7542-6843)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

LONDON, Sept 15 (Reuters) - Britain's biggest coal producer, UK Coal Plc, is to announce plans to raise about 100 million pounds from its investors, Sky News reported on Tuesday.
The company will make a statement to the stock exchange Wednesday morning saying it will ask existing shareholders to provide the capital to shore up its balances, Sky said.
The company, a large property owner, has seen the value of its land fall and also has a pension deficit it needs to address, according to the report.
UK Coal posted a pretax loss of 81.5 million pounds for the first six months of the year, compared with a year-earlier loss of 9.9 million pounds.
The company provides about 95 percent of its 8 million tonnes coal supply to its four core electricity customers -- Scottish and Southern Energy, Drax, EDF and EON.

(Reporting by Michael Holden; editing by John Wallace) Keywords: BRITAIN UKCOAL/ (Reuters messaging: michael.holden.reuters.com@reuters.com; +44 207 542 3213)

COPYRIGHT

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Sept 15 (Reuters) - Drax Group and GDF Suez: